An insurance group should support a project to find out how terrorist attacks, economic disasters and natural disasters affect the likelihood that U.S. residents with disability insurance will suffer from disabling mental health problems.
What does a group's LTD experience really tell you? How much of the experience is a "known known" versus a "known unknown"? The goal of experience rating is to predict future results based on past experience. This, in itself, is both art and science as the past may not lead to similar results in the future. But one often overlooked issue is the certainty of past experience.
The Society of Actuaries' Group Disability Insurance Experience Committee has completed their study of termination experience for the period 1997-2006.
CIGNA has released the findings of a new study that reveal an unmistakable trend: Integrating disability with health care programs has the potential to lower employers' total benefits costs and help disabled employees get back to work sooner and stay at work. As a result of the positive results found in the study, CIGNA is lowering its prices on disability benefits purchased with CIGNA medical coverage.
JHA, a division of Gen Re LifeHealth, is pleased to release the results of the 2009 U.S. Group Life and Group Disability Mid-Year Market Surveys. These leading industry benchmark surveys cover Group Term Life (Basic Term Life and Voluntary Term Life), Short Term Disability (STD) and Long Term Disability (LTD) sales and earned premium for the first half of the year.
Underwriters are seeing requests from clients to modify policy provisions in advance of anticipated layoffs. By Eric Swanson, Senior Marketing Underwriter, ING Reinsurance. Reprinted from May 2009 Best's Review.
Re-assessment of Inherent Conflict of Interest and Bias in the Claims Review Process: Practical Insights from the Supreme Court Decision in MetLife v. Glenn
JHA, a division of Gen Re LifeHealth, is pleased to release the results of the 2009 U.S. Group Life and Group Disability Mid-Year Market Surveys. These leading industry benchmark surveys cover Group Term Life (Basic Term Life and Voluntary Term Life), Short Term Disability (STD) and Long Term Disability (LTD) sales and earned premium for the first half of the year.
To spot a trend in clothing, you check out the fashionista as they flicker about with flair and flash, but how do you discover trends in group disability? I’ve yet to meet a case managerista and I am not really sure I want to (I’ve heard there might be a few in Toronto), says ING Re's Mark Taylor.
Underwriters offer a critical perspective in the client service delivery process. And, while most underwriters identify themselves as being in the risk business, the great ones realize that they are also in the service business.
Think back – do you remember at least one quarter where your company’s financial results were well below plan as a result of far more than expected new LTD claims? Do you also remember when, a couple of quarters later, the financial results were excellent, as many of these new claims terminated when they had proved to be not very severe?
